iShares Morningstar U.S. Equity ETF (ILCB) Valuation
ILCB valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 26.4 trailing earnings
- Forward P/E
- 19.9 analyst estimates
- Price / sales
- 3.64
- Price / book
- 5.47
- EV / EBITDA
- 17.3
- Earnings yield
- 3.78% inverse of P/E
- Dividend yield
- 1.10% of the holdings
- Return on equity
- 20.7% combined
- Net margin
- 13.8% combined
- Beta
- 1.15 weighted, vs S&P 500
ILCB valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ILCB | 26.4 | 19.9 | 3.64 | 5.47 | 1.10% | 20.7% | 13.8% | 2.5% |
| SPY | 25.9 | 19.9 | 3.67 | 5.47 | 1.08% | 21.1% | 14.2% | 1.9% |
| QQQ | 34.2 | 23.4 | 5.93 | 9.27 | 0.58% | 27.1% | 17.4% | 6.9% |
| DIA | 20.9 | 18.4 | 3.16 | 5.52 | 1.55% | 26.4% | 15.1% | 0.0% |
| VTI | 28.2 | 19.4 | 3.31 | 5.00 | 1.07% | 17.7% | 11.8% | 4.6% |
| IWM | n/m | 13.9 | 1.25 | 2.03 | 1.38% | −1.7% | −1.0% | 28.1% |
Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.
ILCB valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 37.8% | 34.2 | 23.5 | 9.14 | 12.49 | 0.55% | 36.6% |
| Financial Services | 11.7% | 16.0 | 14.5 | 3.45 | 2.40 | 1.52% | 15.0% |
| Healthcare | 9.9% | 37.4 | 17.7 | 1.76 | 5.35 | 1.49% | 14.3% |
| Communication Services | 9.2% | 18.3 | 18.8 | 4.84 | 4.98 | 0.71% | 27.2% |
| Consumer Cyclical | 9.1% | 28.5 | 23.5 | 2.71 | 6.57 | 0.73% | 23.0% |
| Industrials | 7.7% | 30.2 | 23.3 | 3.14 | 6.93 | 1.11% | 23.0% |
| Consumer Defensive | 4.7% | 29.0 | 21.7 | 1.71 | 6.94 | 2.32% | 23.9% |
| Energy | 3.8% | 19.8 | 12.9 | 1.85 | 2.60 | 2.28% | 13.1% |
| Utilities | 2.0% | 19.4 | 15.6 | 2.82 | 2.08 | 3.01% | 10.7% |
| Real Estate | 1.7% | 31.0 | 31.1 | 6.79 | 3.24 | 3.53% | 10.5% |
| Basic Materials | 1.6% | 26.9 | 16.5 | 2.71 | 3.58 | 1.38% | 13.3% |
ILCB earnings yield vs bond yields
Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.
How ILCB weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ILCB largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 7.94% | 39.4 | 35.2 | 10.7 | 0.31% | 5.38% |
| NVDA | NVIDIA Corporation | 7.20% | 27.1 | 24.9 | 17.1 | 0.47% | 7.10% |
| MSFT | Microsoft Corporation | 5.30% | 29.5 | 25.1 | 11.8 | 0.74% | 4.80% |
| AMZN | Amazon.com, Inc. | 3.57% | 20.1 | 23.6 | 3.5 | — | 4.73% |
| GOOGL | Alphabet Inc. | 2.89% | 17.1 | 22.8 | 9.3 | 0.26% | 4.51% |
| GOOG | Alphabet Inc. | 2.21% | 16.9 | 21.8 | 9.2 | 0.26% | 3.49% |
| META | Meta Platforms, Inc. | 2.18% | 26.7 | 22.1 | 7.9 | 0.30% | 2.18% |
| AVGO | Broadcom Inc. | 2.14% | 43.3 | 19.4 | 17.6 | 0.79% | 1.32% |
| TSLA | Tesla, Inc. | 1.68% | 328.4 | 158.7 | 13.5 | — | 0.14% |
| LLY | Eli Lilly and Company | 1.57% | 42.2 | 24.4 | 14.1 | 0.55% | 0.99% |
| MU | Micron Technology, Inc. | 1.46% | 11.8 | 7.0 | 7.5 | 0.07% | 3.29% |
| JPM | JPMorgan Chase & Co. | 1.32% | 14.2 | 13.5 | 4.7 | 1.94% | 2.47% |
| AMD | Advanced Micro Devices, Inc. | 1.30% | 134.9 | 39.5 | 20.9 | — | 0.26% |
| BRK.B | Berkshire Hathaway Inc. | 1.20% | 13.4 | 22.7 | 3.0 | — | 2.39% |
| XOM | Exxon Mobil Corporation | 1.08% | 23.0 | 14.8 | 2.0 | 2.30% | 1.26% |
| V | Visa Inc. | 1.07% | 34.3 | 24.0 | 17.0 | 0.67% | 0.83% |
| JNJ | Johnson & Johnson | 0.96% | 38.8 | 21.0 | 6.2 | 2.10% | 0.66% |
| WMT | Walmart Inc. | 0.80% | 43.0 | 38.0 | 1.3 | 0.83% | 0.49% |
| MA | Mastercard Incorporated | 0.77% | 34.0 | 24.2 | 15.4 | 0.56% | 0.60% |
| ABBV | AbbVie Inc. | 0.75% | 80.6 | 16.4 | 7.8 | 2.42% | 0.25% |
| COST | Costco Wholesale Corporation | 0.70% | 47.6 | 40.3 | 1.4 | 0.59% | 0.39% |
| PLTR | Palantir Technologies Inc. | 0.66% | 160.4 | 85.5 | 72.6 | — | 0.11% |
| CVX | Chevron Corporation | 0.64% | 21.2 | 15.2 | 2.1 | 3.16% | 0.81% |
| CSCO | Cisco Systems, Inc. | 0.63% | 32.2 | 19.8 | 6.7 | 1.56% | 0.52% |
| PG | The Procter & Gamble Company | 0.60% | 24.1 | 21.2 | 4.3 | 2.73% | 0.67% |
Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.
About ILCB valuation
Adding up its 514 holdings with company data, ILCB trades at 26.4 times trailing earnings and 19.9 times analysts' forward estimates, with a price-to-book ratio of 5.47 and a dividend yield of 1.10%. Its earnings yield of 3.78% is 1.55 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 36.7% of the fund and earn 34.6% of its combined profit. By sector, Healthcare is the most expensive at 37.4 times earnings and Financial Services the cheapest at 16.0. Companies that lost money over the past year are 2.5% of the covered weight.
How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ILCB chart, ILCB performance, ILCB holdings, ILCB dividends.
ILCB valuation FAQ
What is the P/E ratio of ILCB?
Based on its holdings, ILCB has a trailing P/E of 26.4 and a forward P/E of 19.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ILCB?
The trailing earnings yield is 3.78% (1 ÷ P/E) and the forward earnings yield 5.02%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ILCB more expensive than the S&P 500?
ILCB trades at 26.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.9 and 19.9.
What is the price-to-book ratio of ILCB?
The holdings of ILCB trade at 5.47 times book value, with a combined return on equity of 20.7%.
Which sector in ILCB has the highest P/E?
Healthcare has the highest P/E at 37.4 and Financial Services the lowest at 16.0.